European Economic News Preview: UK Unemployment Data Due

RTTNews | 238 days ago
Stocktwits
European Economic News Preview: UK Unemployment Data Due

(RTTNews) - Unemployment data from the UK and economic confidence from Germany are the top economic news due on Tuesday.

At 2.00 am ET, the Office for National Statistics releases UK labor market data. The jobless rate is forecast to edge up to 4.1 percent in the three months to September from 4.0 percent in the preceding period.

In the meantime, Destatis is scheduled to issue Germany's final inflation data for October. The flash estimate showed that consumer price inflation rose to 2.0 percent in October from 1.6 percent in September.

Also, consumer prices from Romania and retail sales and current account figures from Turkey are due.

At 2.30 am ET, consumer price data is due from Hungary. Inflation is forecast to rise to 3.5 percent in October from 3.0 percent in September. At 5.00 am ET, Germany's ZEW economic confidence survey data is due. The economic confidence index is forecast to edge up to 13.2 in November from 13.1 in the previous month.

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UK Stocks Turning In Mixed Performance In Cautious Trade

UK Stocks Turning In Mixed Performance In Cautious Trade

U.K. stocks are turning in a mixed performance Tuesday morning as investors are treading cautiously, keeping track of U.S. President Donald Trump's tariff plans and the potential risks to global economic growth.
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CAC 40 Slightly Lower In Lackluster Trade

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RTTNews | 6h 19min ago
Australia Central Bank Unexpectedly Maintains Status Quo

Australia Central Bank Unexpectedly Maintains Status Quo

The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
RTTNews | 6h 30min ago
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